In a significant development, Kenya’s high court has put a stop to a $736 million deal between the country’s state utility and India’s Adani Energy Solutions. This agreement, aimed at building and operating crucial power infrastructure, has been suspended pending legal review.
What Happened?
The public-private partnership was formed between the Kenya Electrical Transmission Company (KETRACO)…
Shares of Adani Energy Solutions Ltd, formerly known as Adani Transmission Ltd, soared by 18.49% on Thursday, reaching a one-year high of Rs 1,347.90 during intraday trading. The stock closed 12.04% higher at Rs 1,274.55 on the Bombay Stock Exchange (BSE), marking a significant milestone for the company.
This impressive surge in share price follows Adani Energy Solutions’ recent fundraising…
